Improving oil and gas efficiency through digital (pwc strategy&)

pwc strategy& (report)

The oil and gas industry is facing intense pressure to improve operational efficiencies as lower oil prices continue to crimp margins. Achieving a breakthrough on production performance demands a fresh perspective on field operations. In an environment where oil production continues to increase while prices have dropped 61% since 2014, operational efficiency gains even more significance. The need for operational efficiency coupled with maturing technologies represent an inflection point for disruption. The traction of technology trends such as analytics, robotics, sensors, and control systems offers companies the opportunity to accelerate field automation in a pervasive manner. (read the report)